Annin Laboratories uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for February: Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs $ 24,053 7,855 142,267 70,145 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory Current period units started Ending inventory 6,000 units (40% complete as to materials, 15% complete as to conversion) 44,700 units 18,000 units (75% complete as to materials, 35% complete as to conversion) equired: . Compute the equivalent units for the materials and conversion cost calculations. Compute the cost per equivalent unit for direct materials and for conversion costs for February using the FIFO method. Answer is complete and correct. Complete this question by entering your answers in the tabs below.